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Bitmain Ordered 10 Million 1 GB DDR3 from ESMT, Etron and AP Memory

According to CTnews, Chinese cryptocurrency mining hardware manufacturer Bitmain has placed an urgent order for specialty DRAM (Dynamic Random Access Memory) and the low-capacity DDR3 has been mainly targeted.

Bitmain has increased its purchase price by 10% due to the serious shortage of DDR3 in the market. The total amount of 10 million 1GB DDR3 memory has been ordered, ESMT has become the main supplier and Etron Technology is the second source supplier. Afterwards, AP Memory is likely to become the third supplier in Q3.

The recent monthly consolidated revenues of these three DDR3 suppliers are not so satisfactory due to the Ching Ming Festival holidays. The consolidated revenue for ESMT was NT$ 967 billion while Etron came to NT$ 462 billion and AP Memory’s was NT$ 353 billion. Nevertheless, they received the order from Bitmian and the price of specialty DRAM is keep rising, there would be a significant increase in this month’s revenue.

The prices of bitcoin, ethereum and other cryptocurrencies are exceedingly volatile. As the prices bounced back, the demand for ASIC miners also increases a lot.

Although Bitmain is the largest cryptocurrency mining hardware manufacturer in the world, it still suffers from the shortage of DRAM and limited its production of ASIC chips. In order to underpin DRAM supplies, ESMT, Etron and AP Memory all partner with Powerchip Technology to manufacture chips.

Bitmain is also about to release the Ethereum ASIC Miner F3 in Q2 or Q3 2018. It was reported that every miner is mounted with 3 mainboards, each mainboard has 6 ASIC processors each of which has 32 1GB DDR3 memory. Which means one F3 miner contains 72 GB DRAM memory and 192 1GB DDR3.

Therefore, in order to make sure the Ethereum ASIC Miner F3 can be shipping on time, Bitmain release the order for 10 million DDR3 memory at a price of US$ 1.5.